Cyber Threat Intelligence Company Sixgill Raises $15 Million

By Amit Chowdhry ● February 13, 2020
  • Leading cyber threat intelligence company Sixgill announced that it has raised $15 million in its second round of funding

Leading cyber threat intelligence company Sixgill announced that it has raised $15 million in its second round of funding. This new round of funding will be used to significantly scale global operations and strengthen core products in support of its growing portfolio. This funding round was led by Sonae IM and REV Venture Partners with participation by Our Crowd. And previous investors Elron and Terra Venture Partners also participated in the round.

“Sixgill uses advanced automation and artificial intelligence technologies to provide accurate, contextual intelligence to customers. The solution integrates seamlessly into the platforms that security teams use to orchestrate, automate, and manage security events,” said Sharon Wagner, CEO at Sixgill. “The market has made it clear that Sixgill has built a powerful real-time engine for more effective handling of the rapidly expanding threat landscape; this investment will position us for significant growth and expansion in 2020.”

This funding round will be used for increasing Sixgill’s presence in North America, EMEA, and APAC by expanding its growing customer base of large organizations, law enforcement, government agencies, and MSSPs. And the company will strengthen its unique Automated, Actionable Intelligence (A2I) solution as well as offerings such as its patent-pending Dynamic CVE Rating.

“Sixgill’s industry-leading solution uncovers and delivers valuable intelligence that organizations otherwise don’t have the tools or resources to uncover,” added Carlos Alberto Silva, Executive Director at Sonae IM. “Their insights enable CISOs and their teams to effectively tackle cybersecurity challenges like never before, and we’re proud to take part in the company’s expansion at this early stage.”

Sixgill works with Fortune 500 companies, financial institutions, governments, and law enforcement agencies to protect their finances, networks and reputations from cyberthreats that lurk in the deep, dark, and surface webs. And the advanced cyber threat intelligence platform automates all phases of the intelligence cycle ― collection, analysis, and dissemination of data ― which provides organizations with unparalleled information and actionable insights to protect their various assets in the ever-evolving cyber threatscape.

“We invested in the Sixgill team because we believe they deliver the first disruptive solution in years, for the overwhelming amount of information and the enormously complicated threat environment that exists today,” said Zohar Rozenberg, VP of Cyber Investments at ELRON Electronic Industries. “We are thrilled to continue partnering with Sixgill to deliver the best possible solution in a fast-growing cybersecurity market.”

Kevin Brown, Founder Partner at REV Venture Partners, pointed out that the dark web represents an increasing challenge for large enterprises across all industries. And this is especially true for financial services, manufacturers, critical infrastructure providers, and governments.

“We are delighted to invest in Sixgill as they continue to assist organizations in proactively reducing risk vulnerabilities,” noted Brown.